Board of Directors 2010-2011

Mr. Muhammad Rashid Zahir is the nominee Director and Chairman of the ISE Board. He has extensive executive/board level experience in commercial, development and investment banking. He served as Chief Executive Officer of Saudi Pak Industrial & Agricultural Investment Company Limited from January 1991 to January 2011 and during this stint, Saudi Pak acquired a commercial bank and a leasing company and set up an insurance company and a real estate development company. He has served on the Boards of several listed companies in a fiduciary capacity. He graduated from Government College, Lahore and obtained MBA degree from Institute of Business Administration, Karachi. Mr. Rashid Zahir has also been a director on the Board of ISE during 2001-2004, 2006 and 2010.

Mian Ayyaz Afzal is the Managing Director/Chief Executive Officer of the Islamabad Stock Exchange (ISE). Mian Ayyaz Afzal has vast experience of capital market as well as real market. He has served Central Depository Company as its Head Islamabad Branch during 1996 to 2005. He has served JS Abamco as Vice President and also worked as Chief Capital Market Operations in a brokerage house. Mian Ayyaz Afzal has also been providing consultancy services for new real estate development projects. He holds master degree in Economics from United States.

Ms. Ayla Majid is an elected director on the ISE Board being the first woman Director of any stock exchange in the country. She is the Chief Executive and Nominee Director of CAMCO (Pvt.) Limited, Corporate Member of the Exchange. She is also Director Business Advisory at Khalid Majid Rehman, Chartered Accountants. Ms. Ayla has extensive experience in financial management, corporate governance, strategic business planning and capital markets. She is an active speaker in electronic media on capital markets, business and economic issues. She also contributes to publications related to business issues, taxation and corporate governance. Ms. Ayla holds MBA degree from Lahore University of Management Sciences and LLB Honors from University of London, UK. She is a member of ACCA and is presently serving as elected Vice Chairperson of ACCA's Member's Network panel in Pakistan.

Mr. Fateh Khan Malik is elected director on the Board. He is nominee director of FALKI Capital (Pvt.) Limited, Corporate Member of the Exchange. He has headed marketing department of Fauji Cement during 1997-2002. Retired as brigadier from Pak Army with Sitara-e-Imtiaz, Mr. Malik holds master degree in war sciences from Quaid-e-Azam University, Islamabad.

Mr. Haroon Ihsan Piracha is elected director on the Board. He is the Chief Executive and nominee director of HP Securities (Pvt.) Limited, Corporate Member of the Exchange. He has also directorship in Saudi Pak Leasing Company and Pangraphics (Pvt.) Limited. Mr. Haroon holds MBA degree from The George Washington University, USA.

Mr. Iftikhar Ahmad is an elected member director on the Board. He is the Chief Executive and nominee director of Blackstone Equities (Pvt.) Limited, Corporate Member Islamabad Stock Exchange. He was also elected director of the Exchange in 2004 and 2006. Mr. Iftikhar Ahmad is also a director in Capital Insurance Company Limited. Medical Doctor by profession, he is a medical specialist trained at Los Angeles County/University of Southern California USA. He graduated from King Edward Medical college Lahore with an M.B.,B.S degree from the University of Punjab. He is credited with development of U.T.S operative between LSE and ISE.

Mr. M. Naeem Siddiqi is the elected director on the Board of the Exchange. He is the Chief Executive and nominee director of Invest Forum (SMC-Pvt.) Limited, Corporate Member of the Exchange. He also heads two IT firms namely Computer Super Market and E-Box Systems and also holds directorship in Barani Institute of Information Technology (BIIT). He is also trustee of Northern University.

Mr. R.A. Chughtai is the nominee director of the Islamabad Stock Exchange. He is a banker by profession having 40 years extensive experience of banking. He has served the State Bank of Pakistan as Deputy Governor. He has been President and Chief Executive of Zari Traqiati Bank Limited. Besides having served as director on the Board of Pakistan Mercantile Exchange Limited, he has also been Chairman of the Islamabad Stock Exchange in 2006 and 2009-10. Mr. R.A. Chughtai has also served as President and CEO of SME Bank Limited.

Syed Ahmad Hassan Shah is the nominee director on the Board. He is a lawyer by profession and is Founder and Managing Partner of Hassan Kaunain Nafees, Legal Practitioners & Advisors, a premier law firm in Islamabad. He sources 20 years of experience in legal education and practice. He has particular experience in corporate finance, drafting of laws and regulatory instruments and project due diligence. He holds LLM degree from King's College London.�

Mr. Umar Hayat Khan is nominee director on the Board. He is a seasoned ex-banker. He has served ICP and NDFC for 14 and 17 years respectively in different capacities. He has served the Securities & Exchange Commission of Pakistan as Director, Specialized Companies Division for ten years. Mr. Khan has also vast educational experience. He has taught in all the known universities of the area for about 20 years as a visiting faculty member. He holds master degrees in Economics and Business Administration. He is also a law graduate and member of Institute of Banker.